Ripple Labs Lawsuit Update: Judge Netburn Rules In Favour of Ripple in 3 out of 4 motions

The ongoing Ripple Labs v SEC case seems like it might be swinging in favour of Ripple Labs following the news that a number of recent motions by the SEC...

World Bank Refuses To Assist El Salvador With Bitcoin Implementation

The world bank has revealed that it has refused to assist El Salvador with the implementation of Bitcoin as legal tender. El Salvador had hoped to use Bitcoin as legal...

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Regulators should look at crypto for a good example of how a financial system should look like

Alex Mashinsky, billionaire entrepreneur, and CEO of Celsius, was recently interviewed on Kitco News on his views on how his company was challenging the traditional banking system in order to give investors far...

Could stablecoins fragment the financial system?

The total market cap of stable coins broke $100 billion at the end of May. The US administration and regulators are now expressing alarm for investors, as well as for...

Texas state-chartered banks will now be able to provide virtual currency custody services to their clients

The Texas department of banking has outlined in a notice that Texas state-chartered banks will now be able to provide virtual currency custody services to their clients. The notice, issued...

Enforcement Directorate Issues Show Cause Notice To India-Based Crypto Exchange WazirX

India’s Enforcement Directorate (ED) has issued a show-cause notice to Mumbai-based and Binance-owned cryptocurrency exchange WazirX under FEMA (Foreign Exchange Management Act). The notice was issued as a part of...

Former PBOC Governor Denounces Cryptocurrencies As “No Longer Suitable” For Payments

Zhou Xiaochuan, the former Governor of the People’s Bank of China (PBOC) spoke at length in the Lujiazui Forum on the hot button topic of cryptocurrencies, saying that cryptos might...

banking regulator formally recognises bitcoin as an asset class

The Basel Committee on Banking Supervision has formally recognised Bitcoin as an asset class. Today the regulator of international banking standards proposed a number of rules and standards for banks...

India might move to classify Bitcoin as an asset class

Following the historic passing of the Bitcoin Law in El Salvador, industry sources indicate that a similar move is under way in India.Cryptocurrency regulation in India has been on the...

Mexico To Propose A Legal Framework For Cryptocurrencies

Senator Eduardo Murat Hinojosa has announced that he will propose a legal framework for virtual currencies in the chamber. The news comes shortly after El Salvador made Bitcoin legal tender. ...

Here's Why Senator Elizabeth Warren Distrusts Cryptocurrency

Democratic senator Elizabeth Warren has voiced concerns over cryptocurrencies during a session of the Senate Banking committee, stating that “crypto is a lousy investment”.  The committee on Banking, Housing, and...

Panama Is Preparing A Cryptocurrency Proposal

Following the news that El Salvador’s government is in the process of making Bitcoin legal tender, Panamanian congressman, Gabriel Silva, tweeted stating that Panama may be the next in line...

Concordium Announces The Launch of It’s Mainnet and MVP

Privacy-oriented cryptocurrencies are all the rage since the early days of cryptocurrencies. The basic premise of almost every cryptocurrency out there is common - Privacy and Anonymity. Yet, the cryptocurrency...

El Salvador Passes Bitcoin Law

The Latin American nation has passed the bill for its Bitcoin Law after a session in congress earlier today, shortly before 6AM UTC. According to a tweet by President Nayib...

Hong Kong Publishes FinTech Strategy, pursues CBDCs

The Hong Kong Monetary Authority recently published its “Fintech 2025” strategy, a comprehensive plan for its adoption of digital finance by 2025.The innovation plan includes a section on central bank...